MDXHEALTH (MDXH) Stock Technical Analysis
NASDAQ:MDXH • BE0974461940
We assign a technical rating of 5 out of 10 to MDXH. Although MDXH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Looking at the yearly performance, MDXH did better than 91% of all other stocks.
- MDXH is part of the Biotechnology industry. There are 521 other stocks in this industry. MDXH outperforms 78% of them.
- In the last month MDXH has a been trading in the 3.40 - 3.94 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- MDXH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MDXH is lagging the market.
MDXH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.60, a Stop Loss order could be placed below this zone.
More info and screens
3.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.40 to 3.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.21 from a horizontal line in the daily time frame.
- A support zone ranging from 3.13 to 3.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.57 to 3.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.84 to 3.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MDXH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MDXH is neutral. |
| ChartMill Relative Strength | 91.67 | POSITIVE | MDXH has a high relative strength, it outperformed 91.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDXH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDXH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDXH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.54 | NEUTRAL | The RSI value for MDXH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MDXH has a positive trend. |
| Stochastics (14,3) | 55 | NEUTRAL | The Stochastics value for MDXH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for MDXH suggests high volalility. |
| Average Directional Index/ADX (14) | 9.16 | NEGATIVE | The low ADX value for MDXH suggests a weak or negative trend. |
3.55
-0.06 (-1.66%)
MDXHEALTH / MDXH FAQ
Can you provide the ChartMill technical rating for MDXHEALTH?
ChartMill assigns a technical rating of 5 / 10 to MDXH.
What is the current trend direction of MDXHEALTH (MDXH) stock?
The current trend direction for MDXHEALTH (MDXH) is Bearish.
What is the RSI signal for MDXHEALTH (MDXH) stock?
MDXHEALTH (MDXH) has an RSI value of 51.5379. This indicates that the stock is currently neutral.
What is the MACD signal for MDXH stock?
The MACD indicator for MDXHEALTH (MDXH) has a value of 0.00588065, indicating a bearish trend.
What is the support and resistance level for MDXH stock?
MDXHEALTH (MDXH) has a support level at 3.6 and a resistance level at 3.65. Check the full technical report for our detailed analysis of MDXH support and resistance levels.